Get the latest gossip
Universal Music Group to Move New York Offices Next to Madison Square Garden
Universal Music Group will move its New York offices to Penn 2, the new office tower next to Madison Square Garden and above Penn Station.
As part of a 22-year lease, UMG, led by chairman/CEO Lucian Grainge(pictured above), will occupy the entire fourth through seventh floors of Penn 2, as well as a ground-floor space along Seventh Avenue for an unspecified “future premium retail experience dedicated to serving music superfans.” In addition, UMG will have the ability to showcase its artists on large scale LED signage within neighborhood. While centrally located, the area is very heavily trafficked due to the presence of both Penn Station — which serves some 600,000 commuters every weekday — beneath the building and the Moynihan Train Hall across the street, as well as the nearly nightly events at the 18,000-capacity Madison Square Garden. Glen Weiss, Executive Vice President, Office Leasing & Co-Head of Real Estate of Vornado Realty Trust, commented: “We are delighted to welcome Universal Music Group to the Penn District, which has firmly established itself as the epicenter of Manhattan’s new West Side.
Or read this on Variety
